$STT has been in a “Go” trend since early May.
Since then we have seen a series of higher highs and higher lows as price has climbed over $114. During the “Go” trend price has been supported by the GoNoGo Oscillator being at or above the zero line the entire time, telling us that momentum has remained in the direction of the underlying “Go” trend. After the last high, price dropped and GoNoGo Trend painted several weaker aqua bars as GoNoGo Oscillator fell to test the zero line once again. As we watched, we saw a Max GoNoGo Squeeze build, indicating a virtual tug of war between buyers and sellers at this level. As price once again paints strong blue bars as it challenges for new highs, we see the GoNoGo Oscillator breaking out of the Max GoNoGo Squeeze into positive territory. With momentum once again resurgent in the direction of the trend, we will look to see if this gives price the push it needs to climb higher in the coming days.
